OKX ETH funding rate reaches 0.03%, market sentiment is high
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The OKX ETH/USD perpetual funding rate is currently 0.03%, and long positions need to pay funding fees to short positions, indicating a high market sentiment. AiCoin [PC - Home - Popular Rankings] has launched the "Fund Rate" ranking, which provides a list of rate arbitrage opportunities. Capital fees are an important mechanism for anchoring spot prices in perpetual contracts, used to balance long and short sentiment. When the funding rate is greater than 0, long positions pay funding fees to short positions; When the funding rate is less than 0, short sellers pay funding fees to long sellers.